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20131202
20131210
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CNBC
Dec 3, 2013 7:00pm EST
push here by the white house between now and the end of the year to get people to sign up for obama care. they need to hit that beginning of the year deadline in 2014 to get a critical mass of people on the obama care website. the president today giving a speech inside the white house complex where he made the case again that the white house has hit its deadline for fixing the obama care website and now safe for people to sign up. take a listen. >> this law is working and will work into the future. people want the financial stability of health insurance and we'll keep on working to fix whatever problems come up, any start up, any launch of a project this big that has an impact on one sixth of our economy, whatever comes up we're just going fix it. >> reporter: meanwhile on capitol hill republicans kept pound being away with their criticism saying that obama care ultimately is more than just this website. >> the president's health care law continues to wreak havoc on american families, small businesses and our economy. it's not just broken website. this bill is fundamentally flawed.
CNBC
Dec 6, 2013 4:00am EST
obama, as he stood in his prison cell. years later, he met mrs. obama and her daughters. by all accounts, the measure of this man can be taken by what he wants to be remembered for. here lies medicalson mandela, said a man who has done his duty on earth. keith, in his news. >> let me show you how investor sentiment has been around south africa so far this year. a bit of a slow start. most of its gains staggered towards the second half of this year. 13 plus percent. a decent performance, hasn't quite matched up to the developed markets for gains we're seeing so far this year. pausing for five minutes in the market session for the passing of mandela. some people are concerned that it means social and racial divides could escalate again. this is how the rand has been performing so far this year. it has been under pressure. so the market has seen a pullback in the rand over the course of this year. in trade today, there's been a little bit of a softening up to the brand. u.s. futures, let's move on to that and see how the u.s. market is shaping up after five straight days of decline
CNBC
Dec 10, 2013 1:00pm EST
a pontiac dye maker more than 39 years. more from phil lebeau along with steve ratner who led the obama administration's emergency rescue of the auto industry and melissa lee also joins us. phil, why don't you kick it off and tell us about this new ceo, what her history is, what she's known for and why she got the nod? >> she came up on the operations side of the business and a gm lifer there for 33 years. but more importantly, she is highly respected within this company as somebody who has been pushing gm to think differently, to act differently. in fact, she's well known for once telling the design listen don't build any more crappy cars. i know people might laugh at that but that's a blunt assessment of how general motors needs to approach building vehicles and has been approaching building vehicles ever since it went through the restructuring. steve can talk more about that but i do want to play for you one interesting sound bite this morning from a conference call with ceo dan akerson when i asked him point blank, what is the significance of a woman running general motors giv
CNBC
Dec 2, 2013 7:00pm EST
basically defying the obama care law, at least in year number one for most of these lower income mostly young people, that that's their disincentive. the argument is not, you better sign up because you have to pay this big fine. it's, you better sign up because now you can get coverage because you run your motorcycle off the road because you don't think you're going to get sick. but young people are looking at this -- insurance companies will tell you that you can't be the brunt of late-night talk show humor, meaning obama care, and also have the people who watch those shows say, boy, i better hurry and sign up. we have no idea now. and the trends aren't good. >> thanks very much, steve. we appreciate it. the question is, will the back-end insurance errors derail the small amount of enrollments that have been completed? paul, front end, are you satisfied with what happened in the front end? before i get to the back end, front end, november, where are you on this? >> they are way behind etch their own estimates. only 100,000 people signed up to this point. they estimated 800,000 people b
CNBC
Dec 10, 2013 9:00am EST
silicon valley's open letter to president obama this week to curb the government surveillance program and media rise of bitcoin is something that buzzfeed's john steinberg says will be big next year. john, good morning. >> good to be here. >> is there a 17-weight thing you need to worry about with -- >> we had a great post. all people on bitcoin, on webo, talking about bitcoin. some of the top comments. it's a trend i missed. in '99, scott mcneilly, at sun, says you have zero privacy, get over it. that was the sentiment in '99 and spoke to the times. i didn't agree with it then. but people are shocked how little privacy we have, and the rise of bitcoin, snapchat, whisper, it's definitely an investable trend. >> what should the policy response be in washington? >> there has to be more transparency, and not only the policy response in washington, what you're seeing in the established companies, the response to washington, they realize now it's a competitive trend they need to seize on, right? yahoo! google, facebook, the next wage of internet competition will be fought on privacy and wh
CNBC
Dec 3, 2013 9:00am EST
delays in various mandates of obama care. further we see various funds as reported by "the washington post" earlier in the year that may have been part of prevention have been moved to help other parts of obama care. so what this judiciary committee hearing is about is is there a breach that the president, this president or future presidents can't by executive order say can congress pass the law, here's the law, here's the deadline, here's the funding issues but we're going to delay it or change it. you know, i remember at the end of last year or at the beginning of the government shutdown that the extreme republicans offered the president a delay but he didn't take the delay. that would have been sanctioned by congress. i think this hearing is not only crucially important, i think it comes at a time where there is so much fuzziness as to the original simplicity of the constitution on checks and balances. remember, it wasn't supposed to be about writing checks, it was supposed to be about check one branch versus the other. so i'm definitely going to give you updates on how
CNBC
Dec 5, 2013 4:00am EST
in 20 years working in this field. president obama has called for a $10 minimum wage hike. but, you know, given the gridlock in washington, the states are starting to act. california approved a $10 minimum wage hike and no sooner had that been inked than a consebive placed it on the ballot to go to $12. the high cost cities are pushing for even higher wages. voters in sea-tac, washington, approved a $15 wage. now cities like chicago and new york are calling for wages of similar levels. i think what's driving this is what president obama called the defining challenge of our time in this economics talk yesterday. the fact is, the restaurant industry noted that the majority of the jobs our economy is creating are in these low payment fields like restaurant and retail. these aren't team jobs if they ever were. now tens of millions of adult americans spend their time cycling through these careers, these jobs. at $9 an hour, they're not sustainable. so what the fast food workers are calling for is a raise in pay and sit down with the industry for negotiationing a plan to transition to a h
CNBC
Dec 10, 2013 6:00am EST
fired up about the economy, obama care and pension plans across the country. >> one year membership in the jelly of the month club. >>> and dealing with unfinished business on capitol hill. steny hoyer making a rare appearance on the "squawk box" set. "squawk box" begins right now. >>> good morning, everybody. welcome back to "squawk box" on cnbc. i'm becky quick along with joe kernan and andrew ross sorkin. nearly 100,000 mourners flooding the soccer stadium today for nelson mandela memorial. dignitaries and world leaders are speaking, including president obama a few minutes ago. >> he was not a bust made of marble, he was a man of flesh and blood, a son and a husband, a father and a friend. and that's why we learned so much from him and why we can learn from him still. >> a steady rain has been falling, but the crowd has been singing and dancing in celebration of mandela's life. >>> also, in wall street news, the s&p 500 coming off another record close while the nasdaq finished at the highest level since september of 2000. investors now focusing their attention on next week's fed
CNBC
Dec 4, 2013 1:00pm EST
year. >> the honeymoon will be very short, very short honeymoon for her. >> thank you very much. sue? >> ty, president obama speaking today about the wealth gap in the united states. should the wealthy worry? part of the story is how you the american taxpayer is now paying to keep many lower-level banking employees afloat while the executives make much better money and the pope has weighed in on all of this as well. talking about major and possible changes in the way that the american economy work. that's straight ahead on "power lunch." before the break a near-record fine for steelers head coach mike tomlin. $100,000 for interfering with a play against baltimore last week. the steelers coulds also lose a draft pick over all of this. although that hasn't been decided yet. that story straight ahead as well. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration in
CNBC
Dec 9, 2013 6:00am EST
barclays last year after the bank was fined for manipulating libor. >>> a number of stories in the paper about health care. insurance agents are feeling left out of obama care. and the article uses the example of one agent who helped work with a hot line to pick a mid-level health plan. but refused to credit the man as an agent on the application, that means he wouldn't get his commission or be listed as the follow-up contact. then there's the story all over the place. cedar sinai aren't covered. the best -- they think they're too expensive -- and the journal, the deductibles on some of these of people that don't have a lot of access to money are going to be really, really high too. you know, the glitches on the obama care website, that's just -- that is the very first. but there's back end glitches too. >>> other washington stories this morning. this is the final week of 2013 where both houses of congress are scheduled to be in session at the same time. optimism for a budget deal. house and senate negotiators are reportedly putting the finishing touches on a compromise. to reduce
CNBC
Dec 4, 2013 6:00am EST
. that will of course argue for tapering next year and ending qe next year and also growth going into 2014 and particularly 2015. >> mark, one recurring theme we've had in discussions over the past several months is looking for effect of obama care. you did get strong growth in that 20 to 49 employee business size. but it's less than you had with smaller businesses and with larger businesses. are you seeing any pick up, statistical evidence of impact of obama care in numbers? >> no. none. i can't see it. in terms of the job creation or for companies that are around that key 50 employee threshold, i don't see anything. of course the employee mandate was delayed. maybe companies aren't going to react. they'll wait until next year this will they start to react. i don't see it in part time employment, hourly earnings. it's very difficult to see. now, it could also be the case going back to counter fact we don't know what the world would look like if obama care wasn't implemented. that's a tough argument to make. i just don't see it in the data. >> thanks for joining us this morning and br
CNBC
Dec 5, 2013 7:00pm EST
totally to obama care. i will say this a lot of dissatisfaction with president obama this year in particular, 2013, has been a lot because of there has been a lot of transparency issues with the obama administration with a lot of criticism on drone striking and a lot of criticism on his nsa policies as shown in the snowden scandal this last summer. you know, it is in the interest of a state to be able to protect its citizens from internal threats, and in that sense, a lot of things that president obama had to do with the nsa were justified. however, there were very, very far-reaching implications. >> actually, i agree with you on that, although it's tricky business. >> it's tricky business. >> to know where to draw the line. obama or obama care, or nsa, i'll give you options here, because you will admit the polls are plunging and sort of breath-taking to watch this happen. >> okay. i think we need to rewind a bit and just view what the youth, my generation, millenial generation, still holds true to their hearts. we still agree with president obama on the issues important to our ge
CNBC
Dec 4, 2013 7:00pm EST
the obama playbook for 20 years. it's tough to fire people. that country is called japan. how has their economy done the past 20 years, terrible. that's the obamanomics there. >> what do you think of jim p.'s challenge? >> i think that the issue that you're missing there was really at the heart of his presentation and, again, there's very strong evidence for this, is it's not so much that inequality hurts growth, although there were references of that in terms of financial bubbles. by the way, there's good research that connects the lack of oversight and the financial problems that we had. what he was talking about was a connection between high income inequality, stagnant incomes for the middle class and diminished opportunity, diminished opportunity. that's what you have left out. that's essential because, look, the three of us will all agree that we in america don't push for equal outcomes but we do believe there ought to be some equality of opportunity. when inequality gets too high, opportunity gets squashed. >> that's wrong. i know that's the president's line that income has
CNBC
Dec 6, 2013 7:00pm EST
cancellations that many states have adopted. that means they can be back on the market for another year. that means the enrollees are not entering the obama carriesing pools and there are fears that the pool will be much less healthy than expected. the change is now for the federal government to open wider that spigot of payouts in reinsurance program that is supposed to last through 2016. >> we have known this. what's new is the switcheroo from the president. i get that. but i don't think, you know, i don't think people really knew going back that in the fine print of this bill was essentially a three-year potential rescue of the insurance companies. if they don't get enough revenues and they have too many claims. i mean, what do you expect? if you have a special spot for processing the sick and the elderly god bless them. i'm saying you should have known that this was going to come. and the polls have said the young people don't want this thing. i don't think people knew, hadley, that this was in there. and now it's being accelerated. in fact, they're loosening up some of the regulations so
CNBC
Dec 10, 2013 4:00am EST
be okay, so we expect d disbursement of installment by the end of the year. >> the president obama of the euro group said today that you need to continue to do more work. but are you pushing the point that politically and socially you're at the limits of what can we achieved here with reform? >> i have explained the association limits, the austerity measures. i think you heard the president of the euro group referring to this. and, actually, the troika is coming back so that we can work together. to have solution. >> and in terms of regaining access, you believe that that could happen later on next year? >> i think we have two conditions. also to have positive -- a positive growth rate, which is now, as you know, today the third quarter results have appeared. if you have noticed quarter on quarter, the last two quarters, the economic has stabilized. so i'm very optimistic about the next year. we are going to have positive growth so we can have market access, limited access next year, but it will be the first time since 2010. so it is very important. >> so the ping-pong match betwee
CNBC
Dec 3, 2013 2:00pm EST
to move past the difficulties of the website market the positive virtues of obama care. some of the things that have taken effect, such as letting people, kids stay on their parents policies until they're 26 years old. the refusal to let insurance companies bar people from insurance with preexisting conditions. but the president is also going to try to continue to push enrollment in obama care in these exchanges that are being run by the federal government in 36 states. they've got a goal of getting million people by the end of the enrollment period at the end of march. they have to have the right kind of people, that is so say, younger, healthier people to balance the less healthy people who are more expensive to insure. the president has a lot of challenges on health care even if that website gets fixed. we're not going to know how fixed it is until we see the enrollment figures are not only for mid december but beyond that over the next couple months. >> john harwood, thank you very much. appreciate it. >> coming up, high schoolers go head to head in the battle of the brain. how
CNBC
Dec 5, 2013 6:00am EST
republicans. and it's an election year in 2014, republicans want to talk about obama care, they want to talk about other issues. they think they can beat up on obama and the democrats and don't want to get bogged down by shutdowns and debt limit fights. there's no reason to think stocks are too high because washington's going to kill everything. >> and maybe it was set so low because it was on the floor. >> you can't go much lower than they are. they can clear the bar for expectations which is no shut down. and maybe get the approval ratings in the 10% range, double digits at some point. >> one of the things we've been watching is what the fed's going to do next. how much do you think the fed has been responsible for this. and if the tapering begins, is that really something that takes the steam out of the market? not if it's just based on valuations like you've been talking. >> i have not been of the view that fed-driven liquidity is the sole support under the market. we touched on it a few minutes ago, there are many traditional fundamental supports, not least being simple gdp grow
CNBC
Dec 6, 2013 3:00pm EST
got dodd/frank coming up. we have, obviously, obama care. is that going to possibly be a hindrance to growth and expansion next year or is it just going to be a stimulus for your line of work? >> you know, i don't know if it will be a stimulus for our line of work. but for the companies we work with, aca hasn't impacted them that much. they have more administrative costs, slightly, but it really hasn't impacted them that much because they all have 200 or more employees. dodd/frank, it's been a work in process for a long time. i don't know if there's anything necessarily today that's going to affect it. i think the one thing, the headwind is, potential more regulation as well. >> that's always going to be the case. >> always. >> when have you ever said, there's not enough regulation out there? what is your biggest headwind? >> our biggest headwind, i think, is the government shutdown potential, the debt ceiling issue. frankly, we need comprehensive tax legislation. and if we got that, i think it would make us all more competitive. certainly help our business, i'm sure. but those two or
CNBC
Dec 9, 2013 4:00am EST
-mail us worldwide@cnbc@paul westgate. we have that atm at least a year ago when that was announced as well. >>> a group of major use tech companies are calling on president obama and congress to impose strict limits of surveillance. google, yahoo, facebook and twitter have written a letter. they're calling for an end to what they call mass collection of youth's information, e-mail, contact lists and others. we'll talk about this in the second hour. >>> seceberus capital is bringing in an investor for other sellers. they make the bushmaster weapon used in connecticut. they've been trying to sell the business for the last year. >>> take a short break. still to come. german elections. protests in the west. politics dominating 2013. the next one says it will be a bit risky. here to stay. >>> you're watching "worldwide exchange." i'm ross west gatd. your headlines, europe fails to build on asia. a weakening on the yen. >> announcer: you're watching "worldwide exchange" bringing you business news from around the globe. >>> hello. warm welcome to you. if you've just joined us state side,
Search Results 0 to 18 of about 19